Summary
To: Finance Board
From: Amy Lockhart, Interim Finance Director
Date: 8/19/2024
__________________________________________________________________
Subject: Title
Use of Coronavirus State & Local Fiscal Recovery Funds, $2,133,637.
Summary:
The Town of Belleair received $2.1 million in American Rescue Plan Act (ARPA): Coronavirus Local Fiscal Recovery Funds. We recommend designating $2.1 million of fire services expenses for ARPA expenses.
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Previous Commission Action: On April 19, 2022, Town Commission moved to direct staff to report the Town’s full ARPA allocation as revenue lost.
Background/Problem Discussion: The Town of Belleair received $2.1 million in American Rescue Plan Act (ARPA): Coronavirus Local Fiscal Recovery Funds.
On April 19, 2022, Town Commission moved to direct staff to report the Town’s full ARPA allocation as revenue lost.
Per the U.S. Department of Treasury, 2022 Final Rule, revenue loss may be used to pay for “government services” in an amount equal to the revenue loss.
Government services generally include any service traditionally provided by a government, including public safety. This includes the provision of fire services.
The compliance guide states that the expenses must be incurred by the recipient after March 3, 2021 through December 31, 2024.
The Town has more than the award amount in fire services costs falling within the period of performance.
Expenditure Challenges: N/A
Financial Implications: General Fund can be reimbursed for $2.1 million in fire service expenses.
Recommendation: I recommend designating $2.1 million of fire service expenses for ARPA expenses.
Proposed Motion: I move to recommend that the Commission designate $2.1 million of fire service expenses for ARPA expenses.